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RAM Holdings Ltd. – Voluntary Trading Suspension
HAMILTON, Bermuda – 02 November, 2011 – The Bermuda Stock Exchange (“BSX”) has granted the request of RAM Holdings Ltd. (the “Company”; BSX: RAMR.BH; Pink Sheets: RAMR.PK) for a temporary suspension of trading of its common shares, effective from the close of trading on the BSX on Thursday, 03 November, 2011.
Further to the announcement of 21 October, 2011, of the reverse stock split of the Company’s issued common shares (the “Consolidation”), the Company submitted, and the BSX has approved, the request for a temporary trading suspension in order to facilitate the Consolidation on 08 November, 2011 (the “Effective Time”). Trading will resume on the BSX, following the Consolidation, on Wednesday, 09 November, 2011.
Following the Effective Time, the Company expects that its common shares will trade on the Pink Sheets under the new ticker symbol “RAMRD” for 20 business days to indicate that the Consolidation has occurred. Thereafter, the Company expects that its symbol will revert back to its original symbol “RAMR”. There will be no change to the ticker symbol for the BSX. In addition, the issued and consolidated common shares will trade under a new CUSIP number.
About RAM
RAM Holdings Ltd. is a Bermuda-based holding company. Its operating subsidiary, RAM
Reinsurance Company Ltd., provides financial guaranty reinsurance for U.S. and international public finance and structured finance transactions. More information can be found at www.ramre.com .
Source: RAM Holdings Ltd.
Attention: David Steel
Telephone: 441-296-6501 Email: info@ramre.bm